8 Fore St 700 SF Retail Building Northam EX39 1AW $599,510 ($856.44/SF)

Our clients are inviting offers for the Freehold interest, which includes restaurant and accommodation plus an additional self-contained 2 bedroomed flat which is on separate title. The additional flat is currently let at £600 per month. Our clients also own a double garage located opposite which is available by separate negotiation if desired. Any current stock to be purchased at valuation upon completion. The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment.
Having been in the same husband and wife ownership for the past 25 years the business is currently operated just 3 days per week, through owner’s choice, 6.30pm-11pm. Operating a modern European menu the trading style, number of covers and opening hours could easier be altered to meet new owners needs, with our clients having previously opened 5 days per week. No staff are employed with the last couple years providing an average net profit of £30,000 having also ‘lived out of the business’. By offering the limited number of covers and trading days, coupled with the consistent and many 5 star Trip Advisor reviews and returning customers the business generally has a waiting list of 3-4 months for a table reservation.
Being a period property arranged on three floors. The ground floor provides a 20 cover (although currently offering covers for 12) intimate dining area linking with the bar and seating area. The restaurant is serviced by an adjoining commercial kitchen with a compliment of preparation, storage and utility areas. The private accommodation above provides loft style space with kitchen, lounge, office/third bedroom on first floor with 2 further bedrooms and family bathroom on second floor. To the rear of the property is a courtyard garden with resin flooring. Adjoining the property and with a self-contained street level entrance is an additional 2 bedroomed flat which is currently utilised for additional rental income, although depending on new owner’s requirements could be used as further private accommodation, family member, dependent relative etc.
The property is located within Fore Street being the main road through Northam village as well as it adjoining the village Square. There are a number other commercial operators close by including public house, newsagents, hairdressers, barbers, convenience store and gift / homeware shop.